Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 19 November 2020 3:50 am

  Coronavirus Vaccine Could Lead to USD Depreciation

  

  Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …

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• 19 November 2020 2:53 am

  Barkin: Fed Continues Policy Accommodation

  

  The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Wednesday in an interview with Yahoo Finance that the Fed will continue with its policy accommodation through monthly bond purchases. “Every month we engage in those asset purchases is more stimulus.”“That’s a lot of support to the …

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• 19 November 2020 2:28 am

  Fed’s Williams More Upbeat on Economic Recovery

  

  President of the Federal Reserve Bank of New York, John Williams, said that his view on the economy has become somewhat more upbeat. Williams reiterated the Fed’s commitment to using all available tools to support a strong economy, MarketWatch reported. “We have the ability especially with monetary policy to make …

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• 19 November 2020 2:05 am

  New York Closes Schools to Face COVID-19

  

  New York City is closing its schools again in order to curb the renewed spread of the Coronavirus pandemic, Mayor Bill de Blasio announced on Wednesday. “New York City has reached the 3% testing positivity 7-day average threshold. Unfortunately, this means public school buildings will be closed as of tomorrow, …

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• 19 November 2020 2:02 am

  Oil Rises to Highest Level in Two Months

  

  Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research. Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel. Meanwhile, the West Texas Intermediate (WTI) …

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• 19 November 2020 12:38 am

  Gold Declines for Second Day in Row

  

  Gold prices declined for the second consecutive session on Wednesday, amid improved investors’ sentiment and risk appetite and a decreased demand for safe havens. Gold futures for December delivery decreased by $11.20, or 0.6%, to settle at $1,873.90 per ounce.

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• 18 November 2020 11:07 pm

  US Crude Inventories Rise in Week

  

  Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …

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• 18 November 2020 8:32 pm

  Canada’s CPI Rise 0.7% in October

  

  Canada’s consumer price index (CPI) rose in October by 0.7% on an annual basis, on the back of higher food prices, according to data by Statistics Canada. This comes following an increase 0.5% in September. The rise in inflation rate last month exceeds market expectations of a 0.4% rise in …

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• 18 November 2020 6:17 pm

  US: Housing Starts to Increase by 4.9% in October, Building Permits Stay Unchanged

  

  Housing Starts in the US rose by 4.9% on a monthly basis in October following September’s increase of 6.3% (revised from 1.9%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday. Further details of the publication revealed that …

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• 18 November 2020 5:39 pm

  Turkish Lira Declining a Day Before an Important Interest Decision

  

  The Turkish lira fell on Wednesday, November 18, a day before the central bank’s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike. By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday’s close. …

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• 18 November 2020 4:22 pm

  Pfizer and BioNTech: Vaccine 95% Effective in Final Efficacy Analysis of Phase 3 Trial

  

  Pfizer Inc said on Wednesday that the final efficacy analysis of phase 3 trial of the coronavirus vaccine it develops with BioNTech has shown to be 95% effective, as reported by Reuters. “Efficacy of COVID-19 vaccine was consistent across age, race and ethnicity demographics.”“Planning to file for US emergency use …

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• 18 November 2020 3:12 pm

  Bitcoin Breaking $18,000 Mark And Nearing All-Time Highs

  

  Bitcoin broke the $ 18,000 barrier today, Wednesday, reaching its highest level since December 2017, continuing its great rise in 2020, supported by demand for its nature, which is a hedge against inflation and expectations for a general trend to accept. The main and largest cryptocurrency jumped to $ 18,483, …

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• 18 November 2020 2:13 pm

  Gold is Moving in a Limited Range Amid Vaccine Hopes And an Increase in Corona Cases

  

  Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 …

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